Porsche car insurance cost

Porsche is a German car marque that oozes both luxury and high performance, and it’s adored in the UK just as it is in the rest of the world. The Porsche 911, almost certainly the car maker’s most well-known model, arrived in the 1960s and is still going strong today. If you fancy yourself as the proud owner of a Porsche sometime soon, fasten your seat belt and read on to see how much it could cost to insure.

What’s the average insurance cost for a Porsche?

The average insurance cost of a Porsche varies depending on the model you choose, your location, your driving history and many other factors. But you can expect to pay a hefty premium for one of Porsche’s stylish models.

Using a specific profile, we ran quotes to find the average insurance cost of a Porsche 911 Carrera, a coveted model in the UK, and found it to be £2,037 a year or £192 a month. This is for fully comprehensive cover and no optional extras.Your actual cost could be more or less depending on the model you choose, your age, driving record and location, as well as the number of miles you drive in a year and other factors.

Some of the other variables that affect the price of insurance include the year, model and trim package of your Porsche, how likely it is of being stolen and how costly it is to repair or replace.

• How we got this rate

  To determine our example insurance cost, we aggregated quotes from insurance companies using this profile:

  • 2018 Porsche
  • The driver is a 30-year-old teacher
  • The driver is single and owns a home in Greater London
  • Manual transmission
  • Petrol
  • An average of 10,000 mileage per year
  • Factory-fitted Thatcham-approved alarm system
  • The car is used for social, domestic and commuting purposes
  • The car is not modified
  • The car is parked in a car park during the day
  • The car is parked on a driveway at night
  • Five years’ no-claims discount
  • No driving or other convictions for the past 5 years

How a vehicle from Porsche affects insurance costs

Insurance companies look at several car-related factors when determining the cost of insurance, including the car’s safety ratings, its likelihood of being stolen, and replacement costs and overall damage susceptibility.

A Porsche’s high price tag equates to higher insurance premiums. And because owners will want to protect their investment, most will opt for more than just third party cover. However, the good safety ratings that Porsche models have received can help to temper insurance costs. That said, some models are more likely to be targeted by thieves, which can push those premiums back up.

Other factors that affect the cost of insurance include the model, mileage and trim package. Personal factors like your driving history and age will also be taken into consideration when calculating your insurance.

Are there any standout models?

The Porsche 911 has been in production since 1963. The modern 911’s top-of-the-line GT2 RS references the classic 911 while bringing it into the future with plenty of bite.

Features include a 96.5 inch wheelbase, a top track speed of 211 mph and independent exhaust system with titanium rear silencers. The GT2 RS’s 3.8-litre 6-cylinder twin-turbo engine produces 700 hp and 553 lb-ft of torque, allowing you to go 0-62mph in under 3 seconds, and the 7-speed Porsche Doppelkupplung (PDK) will provide plenty of dynamic gear changes.

Prices start at around £210,000.

Pros and cons of a Porsche

Porsche car facts

• Porsche AG was founded in 1931 and is known for manufacturing high-performance luxury German cars.
• Porsche cars have won more than 24,000 races across the world.
• Ferdinand Porsche, the founder of the company, created the first hybrid electric car in 1899. The car used an internal combustion motor as a generator.
• Several Porsche models have been crowned World Performance Car of the Year over the years, including the Porsche Boxster, Cayman, 991 and 911 GT3.
• Porsche has a range of models, including its new Macan, which starts at around £46,000, the Cayenne SUV, from around £56,000 and the sleek and sporty 911 Carrera from around £78,000.

What is Porsche Connect?

Porsche Connect is Porsche’s suite of intelligent services. You can use these services directly through your car or with your smartphone. Features include navigation, news, weather, emergency services and more. From your smartphone, you can lock and unlock your car, find the location of your vehicle and control your Porsche’s climate.

Choose from several packages, including the Car Remote package and the Car Security package.

What is the Porsche Driving Experience?

Since 1999, Porsche has offered unique driving and racing experiences for Porsche enthusiasts at the Porsche Experience Centre Silverstone. This is a unique opportunity for drivers to test out a Porsche they’re thinking of buying, learn how to race or just have some fun driving around in a sports car.

• Porsche Sport Driving School. Discover the full performance of a Porsche whilst learning from a team of professional driving consultants.
• Porsche Tracks. With almost 5km of track, you’ll be able to experience six different track configurations in a variety of simulated driving conditions, including wet, dry, ice and snow.

Bottom line

Porsches aren’t cheap, and neither is the insurance to cover one, so be sure to shop around to find the best car insurance for you.

Other car brands you might want to see rates for include:

• Audi
• BMW
• Chevrolet

Frequently asked questions about Porsche

• Where are Porsches made?

  Porsches are manufactured in Germany.

• Are Porsches safe?

  Yes, Porsche models have done extremely well in safety tests from the European New Car Assessment Programme (Euro NCAP) with the Macan and the Cayenne both scoring the maximum 5-star rating.

• What car-related factors affect the cost of insurance?

  A car’s safety record, the cost to repair and maintain the car and the car’s likelihood of being stolen can all affect the cost of car insurance.

Written by

Liz Edwards

Editor-in-chief

Liz Edwards has been a consumer writer and editor for more than 20 years. She led award-winning teams at the campaigning publisher Which?, and has covered a range of consumer rights and personal finance topics including pensions, credit, banking and insurance. Liz has appeared frequently in national media such as The Sun, Metro, HuffPost and The Independent. She loves to cut through waffle to give consumers the real lowdown. And she loves puns. See full bio

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Liz has written 107 Finder guides across topics including:

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